October 18, 2018

Simsbury Bank’s 3Q net climbs

PHOTO | Steve Laschever
PHOTO | Steve Laschever
SBT Bancorp CEO Martin Geitz, standing, and finance chief Richard Sudol.

The parent of Simsbury Bank & Trust Co. nearly doubled its third-quarter net earnings.

For three months ended Sept. 30, SBT Bancorp Inc. said Thursday it netted $1.04 million, or 76 cents a diluted share, up from $602,000, or 44 cents a share, netted the same quarter last year.

SBT ended the quarter with assets of $532.1 million vs. $514.2 million a year ago.

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